You are a crap trader as proved loads of time and lastly by Nick.
Yes, however if a trader is frequently using up most of their available margin (huge) and willing to risk the entire account on almost every position, a 22% return in a day becomes a lot less remarkable.
Let's not forget that he lost 40% a couple of weeks ago, then 80% a week after that. My point being, if you're going to go all in, all the time, then you should be doubling your account regularly.
Also consider that the master account isn't even his money, it's that of an investor. So he has zero skin in the game.
This is the last time anyone is going to post about Goodboy. And before we put a line under it please let me fully explain why.
It's easy to view this with rose colored glasses, but there is a HUGE underlying risk here that nobody seems to care about.
He's willing to open 20 lots on a $10k account, and if price moves against him he'll hold it over the weekend. I know this because in the brief 3 week period he traded here he held trades twice over the weekend.
Now, let's say price gaped 100 pips, just like it's done dozens of times over the past couple of years. What would happen?
Your $10k account would now be somewhere in the order of $10,000 - $20,000 negative.
So you're effectively risking as much as $30,000... you just don't know it ($10k initial + $20k negative equity).
Couple that with the fact that the trader repeatedly goes back on his word, blames phantom platform freezes when he gets into trouble and is overall a very emotional trader, you can see why we no longer want to have anything to do with Goodboy.
Yes, however if a trader is frequently using up most of their available margin (huge) and willing to risk the entire account on almost every position, a 22% return in a day becomes a lot less remarkable.
Let's not forget that he lost 40% a couple of weeks ago, then 80% a week after that. My point being, if you're going to go all in, all the time, then you should be doubling your account regularly.
Also consider that the master account isn't even his money, it's that of an investor. So he has zero skin in the game.
This is the last time anyone is going to post about Goodboy. And before we put a line under it please let me fully explain why.
It's easy to view this with rose colored glasses, but there is a HUGE underlying risk here that nobody seems to care about.
He's willing to open 20 lots on a $10k account, and if price moves against him he'll hold it over the weekend. I know this because in the brief 3 week period he traded here he held trades twice over the weekend.
Now, let's say price gaped 100 pips, just like it's done dozens of times over the past couple of years. What would happen?
Your $10k account would now be somewhere in the order of $10,000 - $20,000 negative.
So you're effectively risking as much as $30,000... you just don't know it ($10k initial + $20k negative equity).
Couple that with the fact that the trader repeatedly goes back on his word, blames phantom platform freezes when he gets into trouble and is overall a very emotional trader, you can see why we no longer want to have anything to do with Goodboy.
and yes do have skills of blowing 40000 dollars in single day that too not just once but twice....also you do have skills to blame every thing on some one else who actually provided you a great platform but you blow up your chance.
